80 unit Cathedral manor for $1,000 now on e-bay

[davewindsor]

What's the story behind this 80 unit apartment building at 2001 Burlingame that's now listed on e-bay with the current bid at a thousand bucks? I typed "Cathedral Manor" into the search and couldn't find anything. Nothing on google except one picture. From the e-bay listing, it seems to be surrounded by these clean looking, well landscaped apartment buildings, so what happened?

I also remember someone mentioning here a few months ago that Gov. Snyder is keeping the historic tax credits in the city. Just curious, if a building like this required a million in renovations, how much of that would be covered by historic tax credits and grants?


For some reason, I can't cut and paste pictures into this post and submit it without the screen turning blank and locking up. Anyway, the pictures are in the listing below.

http://cgi.ebay.com/ws/eBayISAPI.dll...:X:RTQ:US:1123

[Chub]

Looks like it's worth around $1,000.00 to me. I'm not trying to be a smart ass at all here, but your questions "What's the story" and "so what happened" are strange to me. Do you not know the overall condition of the city or Detroit's history? This is just one of hundreds of building just like it in the city. Prices for completely rundown building such as this one are going very cheep currently.

[davewindsor]

Looks like it's worth around $1,000.00 to me. I'm not trying to be a smart ass at all here, but your questions "What's the story" and "so what happened" are strange to me. Do you not know the overall condition of the city or Detroit's history? This is just one of hundreds of building just like it in the city. Prices for completely rundown building such as this one are going very cheep currently.

Yes, I know about the overall condition of the city. I've been here for a while now. But, nothing you said answers my questions. I don't know why you are being so defensive when someone asks a question. Last I checked, this was the "Discuss Detroit" forum, not the "shut up, mind your own business chocolate sauce forum".

[Chub]

Oh, and sorry I can't help you on the tax credit questions. If you're serious about taking on a project like this, I would recommend you speak with Ryan Cooley at O'Connor Realty for help. www.oconnordetroit.com

[bartock]

Well, a "quick claim deed" is being offered. I think the "seller" means a quitclaim deed, which I will sell you on that property for half of what they are asking. It's a scam, means nothing.

[Chub]

Dave, I did not tell you to shut up and mind your own business. And I wasn't being defensive at all. I just thought your questions about What's the story? and So what happened? were odd. I figured you'd know what happened if you've lived in Detroit or read anything about the city. And I even gave you a place to go for questions on getting into the purchase of a building like this, so calm down and give me a break with the drama, ok.

[j to the jeremy]

The building is the only one standing on its block at thsi point.

[mcsdetroitfriend]

street view has a nice building right next to it on the corner? Is that destroyed?

[downtown_racine]

street view has a nice building right next to it on the corner? Is that destroyed?

Just part of the scam, obviously too good too be true but joe schmoe from god knows where knows nothing about that and wires the money over for that good deal.

LoL at the "quick claim".

Sad part is people fall for it, so be it.

[Chub]

Dave, here are links that will hopefully answer all your questions on Historic Tax Credits

http://www.michigan.gov/mshda/0,1607...4162--,00.html
http://www.michigan.gov/mshda/0,1607...4165--,00.html
http://www.michigan.gov/mshda/0,1607...1483--,00.html
http://www.michigan.gov/mshda/0,1607...7846--,00.html
http://www.michigan.gov/mshda/0,1607...2744--,00.html

[Bham1982]

The building looks like a complete wreck and the immediate neighborhood is terrible.

This is the old 14th Street corridor, which was devastated in the riots.

So that probably explains the low, low price.

[bartock]

It's a scam, that's what explains the low price.

[davewindsor]

It's a scam, that's what explains the low price.

I'm starting to think this is a scam now too.

She just posted another listing for a historic 18 unit apartment building a few blocks north of Boston-Edison at 1409 Webb with 12 of the 18 apartments rented, generating $4,800 a month and the bidding is now at $15,500 and she claims "I have not seen the building nor plan on seeing it," How is that possible? Who's collecting the rent?

She also requires a $15,000 non-refundable deposit due within 72 hours. After the "deposit has been received you will receive an agreement to sign and return with transfer information for your deed" HA! What stops her from taking the money and leaving the state. How do you even verify she's the owner before giving her the money? I'm willing to bet she doesn't own any of the buildings now. I've never heard of a $15,000 non-refundable deposit on an apartment building and giving the money to the seller and not a realtor or escrow company on an occupied apartment building before proper ownership has been verified. That's not how real estate transactions normally work. Scam and a half. http://cgi.ebay.com/18-DETROIT-UNITS...item3f09b32951

[Goose]

I'm starting to think this is a scam now too.

She just posted another listing for a historic 18 unit apartment building a few blocks north of Boston-Edison at 1409 Webb with 12 of the 18 apartments rented, generating $4,800 a month and the bidding is now at $15,500 and she claims "I have not seen the building nor plan on seeing it," How is that possible? Who's collecting the rent?

She also requires a $15,000 non-refundable deposit due within 72 hours. After the "deposit has been received you will receive an agreement to sign and return with transfer information for your deed" HA! What stops her from taking the money and leaving the state. How do you even verify she's the owner before giving her the money? I'm willing to bet she doesn't own any of the buildings now. I've never heard of a $15,000 non-refundable deposit on an apartment building and giving the money to the seller and not a realtor or escrow company on an occupied apartment building before proper ownership has been verified. That's not how real estate transactions normally work. Scam and a half. http://cgi.ebay.com/18-DETROIT-UNITS...item3f09b32951

This is the last recorded info on that property on Webb.
Grantor Grantee Sale Date Deed Date Sale Price Deed Type Liber/ Page 1409 WEBB STREET INC METRO DETROIT HOUSING LLC 11/9/2010 10/22/2010 40,000.00 QC 48838/ 0043
So someone purchased it via quit claim for $40,000 just a few months ago,

Metro Detroit Housing LLC has a Royal Oak address.

Metro Detroit Housing LLC
30134 WOODWARD AVE
ROYAL OAK MI 48073

[Goose]

The recent history on that property is interesting, someone actually got a 320K mortgage on the property in 2007...

Grantor Grantee Sale Date Deed Date Sale Price Deed Type Liber/ Page 1409 WEBB STREET INC METRO DETROIT HOUSING LLC 11/9/2010 10/22/2010 40,000.00 QC 48838/ 0043 PARK NATIONAL BANK 1409 WEBB STREET INC 8/21/2008 8/19/2008 0.00 QC 47427/ 1209 CHRISTINE WILSON PARK NATIONAL BANK 8/6/2008 7/23/2008 265,000.00 SHER/DEED 47402/ 1177 3697 CORPORATION MCCARTHY HOLDINGS INC 5/25/2007 5/11/2007 350,000.00 WAR/DEED 46336/ 0442 MCCARTHY HOLDINGS INC CHRISTINE WILSON 5/25/2007 5/11/2007 400,000.00 WAR/DEED 46336/ 0445 DYNAMIC EQUITIES INC CHRISTINE WILSON 5/25/2007 5/11/2007 0.00 WAR/DEED 46336/ 0448

[softailrider]

The recent history on that property is interesting, someone actually got a 320K mortgage on the property in 2007...

Grantor Grantee Sale Date Deed Date Sale Price Deed Type Liber/ Page 1409 WEBB STREET INC METRO DETROIT HOUSING LLC 11/9/2010 10/22/2010 40,000.00 QC 48838/ 0043 PARK NATIONAL BANK 1409 WEBB STREET INC 8/21/2008 8/19/2008 0.00 QC 47427/ 1209 CHRISTINE WILSON PARK NATIONAL BANK 8/6/2008 7/23/2008 265,000.00 SHER/DEED 47402/ 1177 3697 CORPORATION MCCARTHY HOLDINGS INC 5/25/2007 5/11/2007 350,000.00 WAR/DEED 46336/ 0442 MCCARTHY HOLDINGS INC CHRISTINE WILSON 5/25/2007 5/11/2007 400,000.00 WAR/DEED 46336/ 0445 DYNAMIC EQUITIES INC CHRISTINE WILSON 5/25/2007 5/11/2007 0.00 WAR/DEED 46336/ 0448

So, somebody walked away with just under a third of a million dollars. I'll bet there was no bank or mortgage company who was able to reclaim the money either.

Sounds like a great white collar crime if nobody comes after you.

[davewindsor]

This is the last recorded info on that property on Webb.
Grantor Grantee Sale Date Deed Date Sale Price Deed Type Liber/ Page 1409 WEBB STREET INC METRO DETROIT HOUSING LLC 11/9/2010 10/22/2010 40,000.00 QC 48838/ 0043
So someone purchased it via quit claim for $40,000 just a few months ago,

Metro Detroit Housing LLC has a Royal Oak address.

Metro Detroit Housing LLC
30134 WOODWARD AVE
ROYAL OAK MI 48073

I can't find a phone number or website for them. I can find one for Metro Detroit Housing Service, but I don't think that's the same owner. Is 2001 Burlingame also owned by Metro Detroit Housing LLC?

[davewindsor]

Oh man, when I look at the seller's ebay feedback of 103 transactions, it's mostly e-books for $0.26 and digital art for $0.99 that she bought.

[Packman41]

Oh man, when I look at the seller's ebay feedback of 103 transactions, it's mostly e-books for $0.26 and digital art for $0.99 that she bought.

The feedback tells you a lot. Appears that she had some issues with some property buyers [[with real money) that gave her neutral or negative feedback so she went and bought a bunch penny-anty items to improve her feedback score.

Then Bartock listed the scam reporting sites and here is one comment I noticed from an attorney-type:

"Wow, I would like to add another client scam delivered by none other than Travis Peterson. I met a nice couple from NC who wanted our help with two properties they bought in Detroit a year ago and cannot get a hold of Travis Peterson to see about rents and rehab. We drove past the properties and my heart sank. This scammer sold two properties in some really rough neighborhoods for over 300% above market.
Now this couple is left with two junk properties that they will never recoup their money in."

What a coincidence!

I went to PamsProperty website http://pamsproperty.com/aboutus.aspx and learned she is based in NC. What are the odds?

Anybody who did a title search: Were there any unpaid real estate taxes outstanding on the property? Other lien issues?

Finally, as DaveWindsor said, the conditions of sale and the manner of the title transfer are VERY questionable and all from an admitted absentee landowner based in NC that has never even been inside the building.

And yet the bidding is at $12,000. Wow.

[Jimaz]

Google Street View

Yikes!

[Det_ard]

Google Street View

Yikes!

looks like the urban garden is included

[mcsdetroitfriend]

Google Street View

Yikes!

See but look at how nice the corner of 14th and Burlingame look!

[davewindsor]

See but look at how nice the corner of 14th and Burlingame look!

That's what I'm sayin'. From googleview, the apartment building next to it has brand new windows and looks well maintained and at that intersection all along 14th I see well maintained apartment buildings. Lawns cut. Very clean. 14th street doesn't look like a ghetto street with firebombed houses and graffiti.

When I look at the listing, it says the block's zoned C3/multi-res. It makes me wonder if the vacant parcels between the apartment building and the church was torn down with a plan to build some kind of grocery store or strip mall that never happened. I don't even know if the riots went all the way up to 6th mile. I thought it spread from 12th to just downtown and midtown.

[Bham1982]

That's what I'm sayin'. From googleview, the apartment building next to it has brand new windows and looks well maintained and at that intersection all along 14th I see well maintained apartment buildings. Lawns cut. Very clean. 14th street doesn't look like a ghetto street with firebombed houses and graffiti.

I agree the pics don't look that terrible, but often the more occupied neighborhoods are worse than the abandoned neighborhoods. After all, you need people for crime and social pathology.

The highest crime neighborhood in Detroit is far Northeast Detroit. For the most part, that neighborhood isn't very bombed-out [[though that's changing).

When I look at the listing, it says the block's zoned C3/multi-res. It makes me wonder if the vacant parcels between the apartment building and the church was torn down with a plan to build some kind of grocery store or strip mall that never happened. I don't even know if the riots went all the way up to 6th mile. I thought it spread from 12th to just downtown and midtown.

There was looting all over the place; not just on 12th.

There was some minor looting as far north as Livernois in the Avenue of Fashion, and as far west as Grand River/Greenfield.

On the west side, there was looting along Mack & Kercheval, not too far from Grosse Pointe.

[staticstate]

how much is shipping? if I can get it to Racine for cheap I might take it.